HR 2558
117th Congress
House
Taxation
Business expenses
Business investment and capital
Income tax deductions
ALIGN Act
Introduced: April 15, 2021
Introduced by:
Arrington, Jodey C.
Republican
· Texas
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2021
Referred to the House Committee on Ways and Means.
Apr 15, 2021
Introduced in House
Plain-English summary
Accelerate Long-term Investment Growth Now Act or the ALIGN Act
This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1